Ashford Hospitality Trust signs deal to sell Hilton Houston NASA Clear Lake for $27M

ASHFORD HOSPITALITY TRUST INC

242-room Hilton Houston NASA Clear Lake sold for $27.0M; expected close June 2025.
Sale price implies 3.2% cap rate after capex adjustment, 5.0% excluding capex.
Proceeds will deleverage the Morgan Stanley 17 Pool loan and save capital expenditures.
Company has additional assets in market at various stages of sales process per CEO.

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